Home   Logon   Mobile Site   Research and Commentary   About Us   Call 1.800.621.1675 or Email Us       Follow Us: 

Search by Ticker, Keyword or CUSIP       
Blog Home
Bob Carey
Chief Market Strategist
Click for Bio

Follow Bob on Twitter Follow Bob on LinkedIn View Videos on YouTube

  Stocks Ended July 29, 2016
Posted Under: Weekly Market Commentary
Supporting Image for Blog Post

Last week the S&P 500 Index closed slightly lower than the previous week. The index posted a -0.05% return for the week and has gained 7.66% YTD. The index returned a 3.69% gain for the month of July. The FOMC released the July statement on Wednesday. The statements outlined a more confident growth outlook due to consumer spending and raised the likelihood of a September rate increase. Oil continued to slide during the week as it entered bear market territory on Thursday; closing the week out at 41.60. Apple Inc. reported earnings after the bell on Tuesday and exceeded consensus estimates for both earnings and revenue. Investors seeking a safe haven for assets are facing headwinds as the four-week rally in stocks has elevated valuations. Three of the ten economic sectors had positive performance for the week. The information technology sector was the best performing sector with a 1.56% return. The health care and materials sectors followed with 0.33% and 0.12% returns, respectively. The energy sector -2.05% return was the worst performance of all the sectors and was followed by consumer staples at -1.44%. Linear Technology Corp., an integrated circuits manufacturer, turned in the best performance in the S&P 500 Index with a 24.18% gain. The company announced it will be acquired by Analog Devices. The deal is expected to close in June of 2017. The next two best performers were Garmin Ltd and State Street Corp. with returns of 17.98% and 12.95%, respectively.
Posted on Monday, August 1, 2016 @ 8:47 AM • Post Link Share: 
Print this post Printer Friendly

These posts were prepared by First Trust Advisors L.P., and reflect the current opinion of the authors. They are based upon sources and data believed to be accurate and reliable. Opinions and forward looking statements expressed are subject to change without notice. This information does not constitute a solicitation or an offer to buy or sell any security.
Search Posts
Market Commentary and Analysis
Market Commentary Video
Weekly Market Commentary
Weekly Market Watch
Monthly Talking Points
Quarterly Newsletter
Market Observations
Subscribe To Receive Email

US Economy and Credit Markets Ended July 29, 2016
Expected Earnings and Future Profitability
Foreign Sales Dipped For The Big Multinational Companies In 2015
Consumer Stocks Have Outperformed The Broader Market Over The Past 10 Years
Stocks Ended July 22, 2016
US Economy and Credit Markets Ended July 22, 2016
The Best-Performing Sectors Since 5/21/15, 8/25/15 and 2/11/16
The Search For Yield In the Bond Market
Stocks at All-Time Highs But It's Just Second Hand News
Stocks Ended July 15, 2016
Skip Navigation Links.
Search by Topic
Skip Navigation Links.

The information presented is not intended to constitute an investment recommendation for, or advice to, any specific person. By providing this information, First Trust is not undertaking to give advice in any fiduciary capacity within the meaning of ERISA, the Internal Revenue Code or any other regulatory framework. Financial professionals are responsible for evaluating investment risks independently and for exercising independent judgment in determining whether investments are appropriate for their clients.
First Trust Portfolios L.P.  Member SIPC and FINRA. (Form CRS)   •  First Trust Advisors L.P. (Form CRS)
Home |  Important Legal Information |  Privacy Policy |  California Privacy Policy |  Business Continuity Plan |  FINRA BrokerCheck
Copyright © 2023 All rights reserved.